Marvell Technology Inc (NASDAQ:MRVL) Q3 Fiscal 2025 Earnings Report

Marvell Technology Inc reported third-quarter fiscal 2025 earnings that exceeded analyst expectations, resulting in an almost 8% increase in its stock during after-hours trading. The company provided an optimistic outlook for the fourth quarter, emphasizing strong demand for its AI-related products.

Earnings Overview

• Adjusted Earnings per Share (EPS): $0.43 (surpassing expected $0.41)
• Revenue: $1.52 billion (beating estimates of $1.45 billion, a 7% YoY increase)

Fourth-Quarter Guidance

Marvell's fourth-quarter guidance impressed investors, forecasting:
– Revenue: $1.8 billion (+/- 5%), above $1.646 billion consensus
– Adjusted EPS: $0.59 (+/- $0.05), surpassing the expected $0.52

CEO Remarks

Matt Murphy, Chairman and CEO of Marvell, credited the strong performance to AI-driven demand, stating, "Marvell's fiscal third quarter 2025 revenue grew 19% sequentially, well above the mid-point of our guidance, driven by strong demand from AI."

Future Outlook

The company anticipates continued momentum, projecting a 26% YoY revenue growth for the fourth quarter. Murphy added, "We look forward to a strong finish to this fiscal year and expect substantial momentum to continue in fiscal 2026."

Gross Margins

• GAAP Gross Margin: 23.0%
• Non-GAAP Gross Margin: 60.5%